Transcript

00:00:01

>> Deep cuts in domestic programs and foreign aid, but a big boost in military spending. President Trump revealing details of his budget outline Thursday. Putting concrete numbers on a plan that would radically transform the federal government. The State Department taking an especially big hit, slashed by 29%. And the Environmental Protective Agency would see its budget cut by one-third, eliminating more than 3,000 jobs.

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Trump would also slash housing, education and scientific research. He'd entirely eliminate federal funding for the arts and public broadcasting. Government dollars would instead be diverted to the Pentagon to help pay for one of the largest increases ever in National Defense. The White House pitching a plan to boost military spending by 10%.

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Trump also earmarking $2.6 billion to fund his border wall. He'd also boost money for charter schools. Although Republicans control both the House and the Senate, Trump's budget already facing resistance from members of his own party. Reuters Political Editor Caren Bohan.>> You have Senators, such as Lindsey Graham and John McCain, who very much believe in the value of foreign aid and institutions like the UN.

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>> Republican Senator Rob Portman of Ohio saying he'll fight to save the EPA's Great Lakes Program, one of many that Trump would zero out. Graham of South Carolina has already said Trump's State Department cuts are dead on arrival. And then there's the Democrats. Republicans will need their support to get spending bills through the Senate and they're definitely not on board with this plan.

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>> President Trump has shown that he does not value the future of our children and working families.>> Trump's budget is a bare bones outline. It doesn't address the big health and retirement programs that account roughly for two-thirds of the $4 trillion federal budget. And it's sure to get a thorough working-over in Congress, which has the final say on spending matters.

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The discussion likely to last for months, but Trump has set the terms of the debate.>>